01 Peanut 

In week 43 (October 20-24, 2025), domestic peanut prices saw a slight decrease and minor fluctuations. The market was cautious, with reduced volume at higher prices. A sunny day in Henan led to a surge in supply, causing prices to weaken. Meanwhile, high-quality peanuts from Northeast China were favored, and rigid procurement supported stable prices. Factors such as Henan weather, Luhua quality control, weak consumption, and the macro environment all contributed to the market's decline. Next week, peanut prices are expected to face downward pressure, with further observation needed regarding Henan weather and the progress of the harvest. Peanut Market Conditions in Various Regions of China This Week:

I. Henan Production Area: Overall Stable, Supply and Demand Weak

1. Baisha Peanuts

General Grade Peanuts: 3.8-4.3 RMB/jin (Nanyang, Zhumadian, etc., local and imported peanuts are priced similarly);

8-sieve Refined Peanuts: 4.4-4.7 RMB/jin (Pingdingshan Yexian imported peanuts are 4.5-4.55 RMB/jin, some areas in Nanyang are 4.7 RMB/jin);

Wheat Stubble Peanuts: 3.8-4.0 RMB/jin (Small quantities available, price varies depending on quality). 2. Large Peanuts

General Grade Peanuts: 3.5-4.1 RMB/jin (Kaifeng, Shangqiu, etc., good quality 3.8-4.1 RMB/jin, lower quality 3.5-3.6 RMB/jin);

8-sieve Refined Peanuts: 4.25-4.8 RMB/jin (Jiaozuo Gangsan variety 4.8 RMB/jin, Kaifeng area 4.25-4.4 RMB/jin);

General Grade Peanuts: 2.1-3.1 RMB/jin (Hebi Xiaoriben general grade 3.0-3.1 RMB/jin, Zhoukou area around 2.3 RMB/jin). II. Northeast Production Area: Liaoning Sees Localized Stronger Prices, Jilin Remains Stable

1. Liaoning

308 Baisha Rice (General Grade): 4.1-4.2 RMB/jin (Good quality from Jinzhou, Heishan, etc., 4.2 RMB/jin, prices stable with a slight upward trend);

8-sieve Refined Rice: 4.4-4.5 RMB/jin (Good quality from Beizhen area 4.5 RMB/jin, Changtu, Fuxin, etc. 4.4-4.45 RMB/jin);

Huayu 23 (Little Japan): General Grade Rice 3.85-4.05 RMB/jin, Refined Rice 4.2-4.4 RMB/jin.

2. Jilin

308 Baisha rice (general grade): 4.0-4.15 yuan/jin, 8-sieve refined rice: 4.4-4.45 yuan/jin;

Silihong rice (general grade): 4.0-4.2 yuan/jin, refined rice: 3.9-4.2 yuan/jin;

9616 rice (general grade): 4.2-4.35 yuan/jin, price stable.

III. North China Production Area (Hebei, Shandong): Mainly stable, with localized shortages

1. Hebei

99-1/308 Baisha: General grade rice 4.1-4.3 yuan/jin, 8-sieve refined rice 4.6-4.65 yuan/jin;

Jiyou 4: General grade rice 4.3-4.5 yuan/jin, 8-sieve refined rice 4.8-5.05 yuan/jin (prices are higher for scarce varieties);

Xiao Riben: General grade rice 3.95-4.05 yuan/jin, refined rice 4.2 yuan/jin.

2. Shandong

Weihua 8 / Luhua 11: General grade rice 4.0-4.5 yuan/jin, 8-sieve refined rice 4.5-4.9 yuan/jin (food grade rice 4.85 yuan/jin);

Traditional rice products: 20/24 specification 10300-10700 yuan/ton, 28/30 specification 9800-10500 yuan/ton;

Exported Northeast 308 Baisha 8-sieve refined rice: 4.5-4.6 yuan/jin (Linyi, Weifang, etc.)

IV. East/Central China Production Area (Jiangsu, Anhui, Hubei): Stable operation, low supply

Jiangsu: Baisha unprocessed rice 3.8-4.0 yuan/jin, 8-sieve refined rice 4.3-4.6 yuan/jin (outsourced from Northeast China 4.55-4.6 yuan/jin);

Anhui: Luhua 8-sieve unprocessed rice 4.0 yuan/jin, wheat stubble Baisha 8-sieve refined rice 6.0-6.2 yuan/jin (for roasting, price is higher);

Hubei: Baisha unprocessed rice 4.6-4.85 yuan/jin, no clear price for 8-sieve refined rice, color-sorted unprocessed rice 4.6 yuan/jin.

V. Domestic Market: Generally Stable, Sales Average

Northeast 308 Baisha 8-sieve polished rice: 4.65-5.05 yuan/jin (Guangdong 4.65-5.05 yuan/jin, Zhejiang 4.65-4.7 yuan/jin);

Huayu 23 (Japanese) color-sorted rice: 4.3-4.5 yuan/jin (Guangdong, Fujian, etc.);

Specialty varieties: Hubei Yicheng Baisha color-sorted rice 5.0-5.1 yuan/jin, Jilin Silihong polished rice 4.3 yuan/jin, Sichuan local new rice 9-sieve 5.6 yuan/jin.

Weekly Review:

The short-term market is likely to remain stable with a slight downward bias. On the demand side, downstream food factories and markets are mostly purchasing on a just-in-time basis, and intermediaries are moving quickly, with no stockpiling. On the supply side, the Northeast is still in the harvest season and farmers are eager to sell, resulting in high subsequent supply. As the weather improves in Henan, accumulated inventory will also enter the market more quickly. Only the slow short-term market entry in Shandong and Henan is providing some support for prices. In the later period, attention should be paid to factors such as the opening of major oil mills, inventory building by intermediaries, and the impact of low prices on farmers' sales, which may cause periodic fluctuations. However, given the high planting area and unfavorable economic environment, a cautious approach is advised.

02 Peanut oil

In week 43 (October 20-24, 2025), the national average price of peanut oil was 15,950 yuan/ton. Reference prices are as follows:

Weekly Review:

This week, the prices of ordinary peanut oil and small-scale pressed fragrant peanut oil remained relatively stable. Peanut oil sales were slow, mainly due to weak demand influenced by the overall economic environment. With the new peanut season gradually entering the market, oil mill operating rates are gradually increasing, leading to a gradual easing of supply. Currently, international edible oil prices are relatively firm, supporting the peanut oil market price. In the short term (1-2 months), peanut oil prices will be primarily supported by costs, following the trend of raw material prices.